(I'm going to keep these updates shorter at first, so as to get them out faster...)
After the initial knee-jerk reaction to the "strengthened case for rate hike" verbiage, bond markets have found their footing and are currently tiptoeing into positive territory. Still too soon to rule out a few more knee-jerks and reversals before we ultimately figure out which way bonds are heading.
In general, nothing materially new in the announcement, but I will go over the key differences in the next update.
